Is Under $10 RGTI Stock the Next 2025 NVIDIA, and Is It a Buy?

Core Insights - The rise in Rigetti Computing's stock (RGTI) is attributed to Amazon's Quantum Embark program and U.S. lawmakers' initiatives for $2.7 billion funding in quantum computing [1][2] - The global quantum computing market is valued at $1.3 billion in 2023, projected to grow at a CAGR of 32.7% to $5.3 billion by 2029, with a long-term estimate of $1.3 trillion by 2035 [2] Company Developments - Rigetti Computing is scaling its business and has an optimistic outlook, having launched a new Novera quantum processor with 9 qubits and plans to deploy an 84-qubit Ankaa-3 system [3][7] - The company has established a Quantum Cloud Services platform that integrates with traditional hardware, providing significant cost savings for clients [6] Market Position - Rigetti Computing has outperformed NVIDIA in stock growth this year, with a 495.3% increase compared to NVIDIA's 164.7% [9] - Wall Street's interest in quantum computing is increasing, with expectations for it to have a similar impact as generative AI in the upcoming year [9] Future Outlook - Management anticipates revenue growth in 2025 and beyond, following a decline this year, indicating a positive trajectory for share prices [10] - The company is addressing challenges in quantum computing, such as noise vulnerability, through new chip fabrication [10]